Tag Archives: raising

Costco (COST) could be nearing its first increase in membership fees in some five years.  “We believe we are now 8-9 months away from a likely membership fee increase, a historical catalyst for the shares. As is well known, Costco has increased its annual membership fee every five and a half years by $5-10. On this timetable, the next hike would come in August-September 2022. The Gold Star fee would go to $65 from $60 while the Executive membership would move to $130 from $120,” said… Source link

Krispy Kreme (DNUT) will look to take a price increase in September as it battles to protect margins from higher costs for key commodities such as edible oils and sugar.  CEO Mike Tattersfield said on Yahoo Finance Live the price hikes won’t be exorbitant, owing likely to the price sensitive consumer that frequents the donut-hawking brand.  “We are really disciplined on pricing. We are a dozens business, so we do always pay attention to an accessible price point. So when you think about the… Source link

WELLINGTON, New Zealand (AP) — Google co-founder Larry Page has gained New Zealand residency, officials confirmed Friday, stoking debate over whether extremely wealthy people can essentially buy access to the South Pacific country. Immigration New Zealand said Page first applied for residency in November under a special visa open to people with at least 10 million New Zealand dollars ($7 million) to invest. “As he was offshore at the time, his application was not able to be processed… Source link

When it’s all said and done, Chipotle’s latest price increase will probably be just another catalyst for the stock price. The burrito and salad bowl joint disclosed Tuesday that it recently raised menu prices by 4% to compensate for higher labor costs, fueled in large part by worker shortages sweeping across the country. It’s an issue Chipotle (CMG) has chosen to address by lifting the average hourly wage for workers to $15 an hour, explained Chipotle CEO Brian Niccol on Yahoo Finance… Source link

Hello! Here’s what happened today in European Tech. Deals – Israeli ad-tech company Tremor has filed for an IPO on Nasdaq, after its share price has risen by almost 500% on the London Stock Exchange over the past year to a market cap of about £1.1 billion. – Planet, a Galway-based fintech company, has secured investment from Advent International, a private equity firm. Existing shareholder Eurazeo has sold a portion of its stake to Advent. The deal, according to Eurazeo,

New York prosecutors haven’t revealed what they know about Donald Trump’s finances. But new developments suggest it’s ominous for the former president. The New York state attorney general, Letitia James, announced on May 18 that a civil investigation into Trump’s business, the Trump Organization, is now a criminal investigation. James didn’t explain the change, but her office has been gathering detailed information on Trump’s business activity for more than two years. Trump has… Source link

The New York Times Republicans’ Overthrow of Liz Cheney Risks Worsening Their Headaches WASHINGTON — As she arrived at the Capitol on Wednesday morning to meet her fate, the soon-to-be deposed No. 3 Republican in the House hinted that she was already eyeing her next role. “The party is going to come back stronger, and I’m going to lead the effort to do it,” Rep. Liz Cheney said as she stepped into an elevator and down to her demise. Sign up for The Morning newsletter from the New York… Source link

Bloomberg There’s Plenty Worrying Investors as Europe’s Stocks Hit Records (Bloomberg) — European equities are at records, vaccination rates are picking up and central banks are funneling trillions of dollars into the economy. But there is still plenty that could go wrong, with a resurgent coronavirus outbreak, another missed summer holiday season and elections keeping investors up at night.While the pandemic turned 2020 into a stock market roller-coaster, 2021 has begun on a more… Source link